Welcome you to the Eighteenth edition of Devmantra Times for the month of August 2022.
Impact of Global rate rise on the economy
Domestic economy while presently showing good signs of resilience but its downside risks continue to be cause of concern. The uptick in inflation, surge in input costs, rising interest rates, liquidity management continue to pose challenges. The present US steep rate hike could accelerate further capital outflows impinging upon the exchange rate stability and casting its spell on financial markets.
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